Securities & SEC Enforcement

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Clients turn to Tonkon Torp to handle their most difficult matters involving securities law and corporate governance.  We have successfully represented individual officers and/or directors in shareholder class actions and derivative actions, as well as in SEC and state enforcement actions.  We have pursued and defended challenges to proposed corporate acquisitions and tender offers, as well as cases challenging the sufficiency of proxy materials.  We deliver the results our clients need.

Our representative cases include:

  • Mark Newby, et al v. Enron Corp., et al and Pamela M. Tittle, et al v. Enron Corp., et al.  We defended a former Director in all of the Enron-related litigation and matters.
  • Securities and Exchange Commission v. J. Kenneth Stringer, III, et al.; United States of America v. J. Kenneth Stringer; III, et al.  Defending a former CEO in an SEC enforcement proceeding and in a criminal prosecution. The criminal charges were favorably resolved.
  • Wayne C. Van Zwoll v. William Swindells, et al. and Willamette Industries, Inc., et al., and related case,. 219 OR App 16 (2008). Defended non-Weyerhaeuser appointed board members in an action related to Weyerhaeuser's hostile tender offer for Willamette Industries;
  • In re Louisiana-Pacific Corp. Securities Litigation, U.S. District Court for the District of Oregon, Case No. 95-707-JO; In re Louisiana-Pacific Corp. Derivative Litigation, New Castle County, Delaware Chancery Court Consolidated C.A. No. 14322; In re Louisiana-Pacific Inner-Seal™ Siding Products Liability Litigation, U.S. District Court for the District of Oregon, Case No. 95-879-JO-LEAD. Represented Louisiana-Pacific's former Chairman and CEO, Harry A. Merlo, in these securities, derivative and products liability class actions;
  • Kahn v. Sprouse, 842 F Supp 423 (D Or 1993). Successfully obtained summary judgment on behalf of directors in the face of allegations of misdeeds by minority shareholders. This is the seminal case in our district upholding the validity of investigations by independent committees of boards of directors;
  • Lewis v. Chiles, 719 F2d 1044 (9th Cir 1983). Defeated a challenge to the acquisition of Fred Meyer by KKR, on behalf of Fred G. Meyer's Estate.